Where Innovation Meets Imagination
Kuka, one of the world’s largest manufacturers of industrial robotic arms, is planning to expand into the area of personal assistance robotics.
This is according to an article on FT.com, which quotes Kuka chief executive Till Reuter.
Reuter told the FT that he sees potential for using Midea’s reach into the household appliances market to develop more complex, intelligent machines which can help with household tasks. [Read more…] about Kuka to build personal assistance robot business with Midea
China’s auto market is creating “explosive growth opportunity” for companies prepared to adapt their approach, according to a new report by Gao Feng.
The report, Rising Opportunities in China’s Automotive Independent Aftermarket, was produced by Bill Russo, Jason Zhang, Jackie Tang and Peter Hu.
The authors say China’s automotive market has “entered a new phase” which brings “enormous opportunities”. [Read more…] about China’s fast-growing automotive market presents opportunities for all
It’s not one of the most famous exhibitions in the world, and not the biggest, but that’s probably appropriate for EPHJ, because it’s all about small things, or – more accurately – what’s called the “microtechnology” sector.
Microtechnology includes such things as watchmaking, jewellery making, and precision instrumentation for medicine, all of which are relatively large business sectors in Switzerland, where EPHJ is being held, on 20-23 June 2017 – Geneva, to be exact.
Now in its 16th year, the event is described as “an unmissable event for high-precision manufacturers, with exhibitors from the worlds of watchmaking and jewellery, microtechnology and medtech”. [Read more…] about Microtechnology exhibition to showcase innovations in watchmaking and medicine
By Edward Tse, CEO of Gao Feng
For a long time, Chinese companies have been known for copying market-proven products, brands and business models from the West and adapting them for the local market with only minor modifications. Such a phenomenon is known as shanzhai, a Chinese term that was originally used to describe a bandit stronghold outside government control. In today’s slang, it refers to businesses based on fake or pirated products.
Shanzhai has been prevalent in China in recent decades and this has earned China the reputation of being a “copycat nation”. Western media report that China’s preferential policies and regulations to restrict market access, such as the the “Great Firewall” in the internet industry, and the lack of intellectual property protection, give Chinese companies an unfair home advantage to create copies.
While shanzhai is common across a range of products and services, it is particularly prevalent in the internet sector. Chinese internet companies are often compared to their Western counterparts based on the similarity of their business models. For example, Baidu is known as the “Google of China”, Alibaba as the “eBay of China”, and Xiaomi as the “Apple of China”, just to name a few. [Read more…] about How China’s ‘copycat’ tech companies are now the ones to beat
Universal Robots has continued its rapid expansion worldwide with a growth rate of 62 per cent from 2015 to 2016.
The company that pioneered and commercialised collaborative robot technology continues to leverage its first mover advantage and market leadership position.
Cage-free, user-friendly collaborative robots of all sizes have now become the market driver within industrial robotics.
The 2016 annual result of Universal Robots is a testament to that market growth, with revenue reaching $98.4 million and delivering a profit of $13.7 million before tax.
President of Universal Robots, Jürgen von Hollen, considers net income to be satisfactory and expects revenue growth of 50 per cent or greater in 2017, which means that the company will stay on target to reach $148.6 million by the end of 2017. [Read more…] about Universal Robots delivers high double-digit growth again
Sharmila Annaswamy, industrial automation and process control research analyst at Frost & Sullivan, provides an exclusive insight of the impact of industrial robots on manufacturing and how the IoT is changing everything
During the last decade, the advent of robotics has phenomenally transformed the industrial sector in terms of manufacturing capability.
They are traditionally used to carry out tasks that are complex, repetitive or hazardous to enhance productivity, quality and reduce operational costs for the manufacturers.
However, the industrial robotics market is going through a phase of transformation driven by Industrial Internet of Things.
But the challenges in integrating and programming them restrain their widespread application across verticals. [Read more…] about IoT ‘transforming’ industrial robotics market, says report
The worldwide collaborative robot market is expected to be worth $95 billion by 2024, according to a new report by Transparency Market Research.
Companies in the global collaborative robot market are focused on the acquisition of smaller and local automation companies to expand their operations, says Transparency.
Leading companies such as ABB, Kuka, Kawasaki Heavy Industries, and Robert Bosch are expected to launch products in the coming years to fulfil the requirement of their clientele in the several end-user industries. [Read more…] about Global collaborative robotics market forecast to grow to $95 billion in seven years
An increasing number of industrial robots will find their way into factoring which themselves will be more well-connected, according to a new report.
The industrial internet of things will “catalyze new business models, adoption of industrial robotics, and return on investment”, says Frost & Sullivan’s industrial automation and process control team.
Driven by the IIoT, the global market for robotics in manufacturing is steadily gathering pace, according to the study. [Read more…] about Smart factories to drive industrial robot market, says report
Industrial robots are in high demand in the automotive sector, and a research company is saying the market will grow to beyond $8 billion by 2021.
In the report published by MarketsandMarkets, the market was estimated to be $5.07 billion in 2016, and is projected to grow to $8.44 billion by 2021, at a growth rate of 10.74 per cent. [Read more…] about Automotive industrial robot market forecast to reach $8 billion within four years
ABI Research forecasts revenues will reach nearly $45 billion in 2025, fueled by Chinese demand
ABI Research forecasts that industrial robot shipments will exhibit an average year-over-year growth rate of 16 per cent by 2021.
As industrial robots continue to infiltrate the workforce to increase production efficiencies, this will result in annual revenue exceeding $30 billion in 2020 and nearly $45 billion in 2025.
The automotive sector will remain the leading acquirer of industrial systems, even as it loses share to other growing industry verticals, including the electrical and electronics, rubber, and plastics industries. [Read more…] about Industrial robot revenue will triple by 2025, says report
